Best CD Rates in Denver, Colorado

In the bustling heart of the Mile High City (Denver), where the economic landscape is as diverse as its geography, investors know that locking in a competitive CD rate is key to solidifying their financial future.

For even more precise and comprehensive analysis about the CD rates in Denver here is the most authentic guide and well researched content stated below. Let’s dive into the search for the best CD rates in Denver. It will guide you through the financial foothills that will uncover those hidden gems for the security and growth of the money.

Overall Best CD rates in Denver, Colorado

No.	Name of the Bank	APY %	Term Length (month)	Address
1	Beal Bank USA	5.05%	12-month	154  Steele St Denver, CO 80206
2	MidFirst Bank	5.02%	3-month	2805 S Colorado Blvd Denver, CO 80222
3	Collegiate Peaks Bank	5.00%	3-month	3350 Brighton Blvd Denver, CO 80216
4	PNC Bank	4.91%	18-month	Online
5	Denver Community Credit Union	4.89%	3-month	1075 Acoma St Denver, CO 80204
6	West Denver Community Credit Union	4.89%	3-month	3299 W Alameda Ave Denver, CO 80219
7	Ent Federal Credit Union	4.50%	3-month	1499 Wynkoop St Denver, CO 80202
8	Wells Fargo Bank,  National Association	4.50%	3-month	1975 19th St Denver, CO 80202
9	BBVA	4.50%	18-month	Online
10	Westerra Credit Union	4.50%	18-month	3700 E Alameda Ave, Denver, CO 80209
11	Sunflower Bank	4.28%	18-month	278 University Blvd, Denver, CO 80206
12	Rocky Mountain Law  Enforcement Federal Credit Union	4.25%	3-month	700 W 39th Ave Denver, CO 80216
13	Ent Credit Union	4.25%	18-month	707 S Tejon St, Colorado Springs, CO 80903
14	Bank of America	4.00%	18-month	100 Fillmore St, Denver, CO 80206
15	ANB Bank	4.00%	18-month	600 16th St, Denver, CO 80202
16	Credit Union of Denver	4.00%	18-month	9305 W Alameda Ave, Lakewood, CO 80226
17	Citywide Banks	3.96%	18-month	1800 Larimer St #100, Denver, CO 80202
18	Vectra Bank Colorado	3.95%	18-month	401 E Speer Blvd, Denver, CO 80203
19	Sooper Credit Union	3.95%	24-month	5005 W 60th Ave, Arvada, CO 80003
20	Bank of America, National  Association	3.93%	3-month	370 17th St Denver, CO 80202
21	FirstBank	3.92%	3-month	600 Broadway Denver, CO 80203
22	FirstBank	3.85%	18-month	10403 W Colfax Ave, Lakewood, CO 80215
23	Alpine Bank	3.75%	18-month	1777 Wynkoop St, Denver, CO 80202
24	Premier Bank	3.70%	3-month	2480 W Alameda Ave Denver, CO 80223
25	KeyBank	3.29%	18-month	1675 Broadway, Denver, CO 80202
26	Credit Union of Colorado,  A Federal Credit Union	3.06%	3-month	1390 Logan St Denver, CO 80203
27	Canvas Credit Union	3.02%	6-month	9990 Park Meadows Dr, Lone Tree, CO 80124
28	Bank of Colorado	3.00%	3-month	1601 19th St Denver, CO 80202
29	Bellco Credit Union	3.00%	18-month	7600 E Orchard Rd #400N, Greenwood Village, CO 80111
30	Public Service Credit  Union	3.00%	18-month	9990 Park Meadows Dr, Lone Tree, CO 80124
31	Elevations Credit Union	3.00%	12-month	2960 Diagonal Hwy, Boulder, CO 80301
32	Denver Community Credit Union	3.00%	24-month	1075 Acoma St, Denver, CO 80204
33	BellCo Credit Union	2.75%	3-month	18241 Green Valley Ranch Blvd Denver, CO 80249
34	ANB Bank	2.59%	3-month	3033 E First Ave Denver, CO 80206
35	Alpine Bank	2.48%	3-month	215 Saint Paul St Denver, CO 80206
36	Security Service Federal Credit Union	2.37%	3-month	1275 S Federal Blvd Denver, CO 80219
37	Red Rocks Credit Union	2.00%	24-month	8195 Southpark Ln, Littleton, CO 80120
38	On Tap Credit Union	1.08%	36-month	816 Washington Ave, Golden, CO 80401
39	Arapahoe Credit Union	1.06%	18-month	3999+B3:E40 E Arapahoe Rd, Centennial, CO 80122

Current CD Rates of Denver, Colorado

According to Denver’s dynamic economy and the broader financial market’s uncertainties, CDs offer a safe haven for those looking to safeguard their savings while earning a higher interest rate than traditional savings accounts.

With options ranging from short-term investments to longer maturities, CDs in Denver authentic for a variety of financial goals and time horizons. It provides a solid foundation for building personal wealth or preparing for future financial needs.

Best 6 Month CD Rates

For those seeking a short-term investment opportunity in Denver, the best 6-month CD rates offer a perfect blend of higher interest earnings and quick accessibility. Investors can capitalize on competitive rates while enjoying the flexibility of a shorter commitment.

1. Western Alliance Bank

Minimum Amount: $1.00

APY / Rate: 5.20%

Pros:

• High interest rates: Western Alliance Bank typically offers some of the highest interest rates on CDs in the market.
• FDIC insured: Western Alliance Bank is FDIC insured, so your money is safe up to $250,000.
• No monthly fees: There are no monthly fees for any of Western Alliance Bank’s CDs.
• Easy to open: You can open a CD with Western Alliance Bank online or by phone.
• Different customer service options available.
• Direct deposit: If you set up direct deposit for your paycheck or other regular income, you’ll earn a higher interest rate on your CD.

Rules:

• Minimum deposit: The minimum deposit to open a CD with Western Alliance Bank varies by term.
• Early withdrawal penalties: There is an early withdrawal penalty if you withdraw money from your CD before the maturity date. The penalty is equal to 3 months’ interest on the amount withdrawn.
• Flexible terms: Western Alliance Bank offers CDs with terms ranging from 3 months to 5 years, so you can choose the term that best fits your needs.

2. OceanFirst Bank

Minimum Amount: $10.000

APY / Rate: 5.15% APY

Pros:

• High interest rates: OceanFirst Bank’s CD rates are competitive with other banks. For example, the bank’s 13-month CD currently offers a promotional rate of 5.15% APY, which is higher than the national average for 1-year CDs.
• FDIC coverage: FDIC insurance covers up to $250,000 per depositor per FDIC-insured bank.
• Easy online access: OceanFirst Bank’s online banking platform is easy to use and provides customers with 24/7 access to their accounts.
• The bank has a customer satisfaction rating of 4.3 out of 5 stars on Bankrate.com.

Rules:

• Minimum deposit: The minimum deposit for a CD at OceanFirst Bank is $10,000.
• Flexible terms: OceanFirst Bank offers CDs with a variety of terms, so you can choose one that fits your needs. Terms range from 6 months to 7 years.
• CD is automatically renewed for a 6-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials
• You must maintain the minimum balance requirement for the CD term in order to earn the advertised interest rate.
• If you withdraw funds from your CD before the maturity date, you may be subject to an early withdrawal penalty.
• Fees: There are no fees to open or maintain a CD at OceanFirst Bank. However, fees may reduce earnings.

Best 1 Year CD Rates

The best 1-year CD rates in Denver provide a golden middle ground for investors.This option strikes a balance between favorable returns and manageable access to funds.

1. Quontic Bank

Minimum Amount: $500

APY / Rate: 5.30% APY

Pros:

• High interest rates: Quontic Bank’s CDs offer some of the highest interest rates on the market. As of July 2023, Quontic Bank’s 1-year CD offers an APY of 5.30%, which is significantly higher than the national average of 1.59%.
• Flexible terms: Quontic Bank offers CDs with a variety of terms, so you can choose one that fits your needs. You can choose from terms of 6 months, 1 year, 2 years, 3 years, or 5 years.
• FDIC insured: Quontic Bank is FDIC insured, so your deposits are protected up to $250,000.
• Easy to open online: You can open a CD with Quontic Bank online in just a few minutes. This makes it a convenient option for people who want to open a CD without having to go to a bank branch.

Rules:

• Minimum deposit: The minimum deposit to open a CD with Quontic Bank is $500.
• Term length: CD terms range from 6 months to 5 years.
• No minimum balance requirement: Quontic Bank’s CDs have no minimum balance requirement, so you can start saving with as little as $500.
• Early withdrawal penalties: There is an early withdrawal penalty if you withdraw money from your CD before the maturity date. The penalty is equal to 3 months’ interest on the amount withdrawn.
• Quontic Bank offers online CD openings.

2. Ponce Bank

Minimum Amount: $1000

APY / Rate: 4.25% APY

Pros:

• High CD interest rates: Ponce Bank offers competitive CD interest rates, especially on shorter-term CDs. For example, as of July 2023, the bank is offering a 3.00% APY on one-month CDs and a 3.50% APY on three-month CDs.
• Free checking accounts: Ponce Bank offers several free checking accounts, including a basic checking account and a premium checking account that offers features like free checks and ATM fee reimbursement.
• No monthly service fees.
• FDIC insured: Your deposits are FDIC insured up to $250,000 per depositor, for each account ownership category.
• Compounds interest monthly, not daily

Rules:

• Minimum deposit: The minimum deposit for a Ponce Bank CD varies depending on the term. For example, the minimum deposit for a 6-month CD is $500, and the minimum deposit for a 12-month CD is $1000.
• Early withdrawal penalty: There is an early withdrawal penalty for CDs at Ponce Bank. The penalty is equal to 6 months of interest, prorated based on the amount withdrawn and the remaining term of the CD.
• Term length: CD terms range from 1 month to 60 months.
• The account must meet the minimum balance requirements:  The minimum balance to open and obtain the APY for Certificates of Deposits (CDs) 1-6 months is $500. The minimum balance to open and obtain the APY for CDs 12-60 months is $1,000.

Best 2 Year CD Rates

With the best 2-year CD rates, Denverites position themselves to benefit from enhanced interest rates over a medium-term period.

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 5.00% APY

Pros:

• High APYs: Bread Savings offers competitive APYs on both its savings accounts and CDs. The current APY for the high-yield savings account is 4.90%, and the APY for CDs ranges from 5.00% to 4.35%.
• FDIC insured: Bread Savings is FDIC insured, so your deposits are protected up to $250,000.
• Minimal fees: Bread Savings has no monthly maintenance fees for either its savings accounts or CDs. There are also no fees for ACH transfers, online statements, or incoming wire transfers.
• Easy to use: Bread Savings’ website and mobile app are easy to use. You can easily open an account, deposit money, and transfer funds.

Rules:

• Minimum deposit: The minimum deposit to open a CD is $1500.
• APY: APYs vary depending on the term length. For example, the APY for a 12-month CD is 5.00%, while the APY for a 60-month CD is 4.35%.
• Deposit Amount : Maximum deposit limit of $1 million per account and $10 million limit per customer
• Term lengths: CD terms range from 12 months to 60 months.
• Early withdrawal penalties: There are early withdrawal penalties for CDs at Bread Savings.
• CD is automatically renewed for a 1,2, and 3 year Certificate of Deposit (CD).

2. Vio Bank

Minimum Amount: $500

APY / Rate: 4.75%

Pros:

• Competitive rates: Vio Bank’s rates are some of the best in the nation, and they regularly monitor the competition to ensure that they stay competitive.
• Low minimum deposits: The minimum deposit to open a Vio Bank account is just $500.
• FDIC insured: Vio Bank is FDIC insured, so your money is protected up to $250,000.
• Interest is compounded daily, growing your money fast
• No brokered or institutional deposits

Rules:

• Minimum deposit: The minimum deposit to open a CD is $500.
• Term lengths: CD terms range from 6 months to 10 years.
• APY: APYs vary depending on the term length. For example, the APY for a 6-month CD is 5.20%, while the APY for a 10-year CD is 2.75%.
• Early withdrawal penalties: There are early withdrawal penalties if you withdraw money from your CD before the term ends.
• Vio Bank is a division of MidFirst Bank, and Vio Bank deposits are considered MidFirst Bank deposits

Best 3 Year CD Rates

Best 3-year CD rates in Denver secure an advantageous growth path for their investments, while still maintaining a clear view of their financial future.

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.75%

Pros:

• High APYs: Bread Savings offers competitive APYs on both its savings accounts and CDs. The current APY for the high-yield savings account is 4.90%, and the APY for CDs ranges from 5.00% to 4.35%.
• FDIC insured: Bread Savings is FDIC insured, so your deposits are protected up to $250,000.
• Minimal fees: Bread Savings has no monthly maintenance fees for either its savings accounts or CDs. There are also no fees for ACH transfers, online statements, or incoming wire transfers.
• Easy to use: Bread Savings’ website and mobile app are easy to use. You can easily open an account, deposit money, and transfer funds.

Rules:

• Minimum deposit: The minimum deposit to open a CD is $1500.
• APY: APYs vary depending on the term length. For example, the APY for a 12-month CD is 5.00%, while the APY for a 60-month CD is 4.35%.
• Deposit Amount : Maximum deposit limit of $1 million per account and $10 million limit per customer
• Term lengths: CD terms range from 12 months to 60 months.
• Early withdrawal penalties: There are early withdrawal penalties for CDs at Bread Savings.
• CD is automatically renewed for a 1,2, and 3 year Certificate of Deposit (CD).

2. Quontic Bank

Minimum Amount: $500

APY / Rate: 4.40%

Pros:

• High interest rates: Quontic Bank’s CDs offer some of the highest interest rates on the market. As of July 2023, Quontic Bank’s 1-year CD offers an APY of 5.30%, which is significantly higher than the national average of 1.59%.
• Flexible terms: Quontic Bank offers CDs with a variety of terms, so you can choose one that fits your needs. You can choose from terms of 6 months, 1 year, 2 years, 3 years, or 5 years.
• FDIC insured: Quontic Bank is FDIC insured, so your deposits are protected up to $250,000.
• Easy to open online: You can open a CD with Quontic Bank online in just a few minutes. This makes it a convenient option for people who want to open a CD without having to go to a bank branch.

Rules:

• Minimum deposit: The minimum deposit to open a CD with Quontic Bank is $500.
• Term length: CD terms range from 6 months to 5 years.
• No minimum balance requirement: Quontic Bank’s CDs have no minimum balance requirement, so you can start saving with as little as $500.
• Early withdrawal penalties: There is an early withdrawal penalty if you withdraw money from your CD before the maturity date. The penalty is equal to 3 months’ interest on the amount withdrawn.
• Quontic Bank offers online CD openings.

Best 5 Year CD Rates

For those in Denver who are willing to embark on a longer investment journey, the best 5-year CD rates offer the highest returns, for the long-term.

1. First Internet Bank of Indiana

Minimum Amount: $100

APY / Rate: 5.85%

Pros:

• High interest rates on CDs
• No early withdrawal penalty on some CDs
• FDIC insured
• Wide range of terms
• Easy to open an account

Rules:

• The minimum deposit for a CD at First IB is $1,000.
• The term of a CD at First IB can range from 3 months to 60 months.
• There is an early withdrawal penalty for CDs at First IB. The penalty is 6 months’ interest if the CD is withdrawn before maturity.

2. Ally Bank

Minimum Amount: $1000

APY / Rate: 5.75% APY

Pros:

• High interest rates on CDs
• No early withdrawal penalty on some CDs
• FDIC insured
• Wide range of terms
• Easy to open an account

Rules:

• The minimum deposit for a CD at Ally Bank is $25.
• The term of a CD at Ally Bank can range from 3 months to 60 months.
• There is an early withdrawal penalty for CDs at Ally Bank. The penalty is 6 months’ interest if the CD is withdrawn before maturity.

Economic Statistics for Denver, Colorado

In the vibrant economic landscape of Denver, Colorado, understanding key statistics can greatly benefit investors for optimizing their financial strategies. It is highly authentic at the times especially when navigating the realm of CD rates.

Denver, is a city characterized by fast growth and dynamic economic activity. It presents a unique backdrop for financial planning.

The city boasted an impressive average household income, reflecting the economic prosperity and opportunities available in the region. For instance, the average household income in Denver was approximately $68,377, a figure that underscores the city’s thriving economy and the potential for savers to allocate funds towards CDs as part of a diversified investment portfolio.

The average home value in Denver also provides insight into the city’s economic health and the investment landscape. Moreover, with average home values around $540,624, it is evident that Denver’s real estate market is quick and steady. It indicates a strong economic foundation that supports the rationale for considering CDs as a stable investment avenue amidst the fluctuating market conditions.

Apart from all this, with a population exceeding 710,000 residents, Denver’s sizable demographic foundation supports a diverse and resilient economy. This population size not only contributes to the city’s economic vibrancy but also to the demand for various financial products, including CDs, as residents seek to optimize their savings and investment strategies.

Statistic	Value	Context
Average Household Income	$68,377	Reflects the economic prosperity and opportunities for savers and investors.
Average Home Value	$540,624	Indicates a strong real estate market and economic foundation.
Population	710,000+	Supports a diverse and resilient economy, influencing demand for financial products.

How to Get Best CD Rates in Denver, Colorado?

To get the best CD rates in Denver, Colorado, follow these most basic steps:

1.    Research and Compare for the local and national banks, credit unions, and online financial institutions that offer CDs.

2.    Compare their rates, terms, and any fees or penalties for early withdrawal.

3.    Also consider the Special Offers. Look for its promotional or special offer CDs. These can offer higher rates than standard CDs but may require a larger deposit or have other conditions.

4.    In the precise way, if you have existing relationships with a bank, try negotiating a better rate, especially if you are willing to deposit a significant amount.

on the whole, the economic conditions affect interest rates, so stay informed about trends. Sometimes waiting a bit or locking in a rate before anticipated hikes can be beneficial.

CD Rates Methodology

Our CD rates methodology involves a comprehensive review of CD rates from 76 banks. It encompasses a wide range of financial institutions across Denver, Colorado.

Out of these, only 39 banks met our criteria for offering the most competitive and appealing CD rates. This selection process is designed to ensure that our list represents the top choices for investors, along with the institutions that not only offer attractive rates but also meet other important factors such as security, customer service, and accessibility.

Conclusion

In conclusion, finding the best CD rates in Denver, Colorado embrace a wide range of tactics that includes rate comparison, negotiation, and the diversification of investment terms. All of them together optimize returns. As economic conditions fluctuate, staying informed and adaptable is key.

In addition to all this, the right CD investment strategy can turn your financial aspirations into reality, by making sure that your savings not only endure but thrive in the vibrant economic landscape of Denver, Colorado.

FAQs